Please ensure Javascript is enabled for purposes of website accessibility Short Duration Income ETF - Janus Henderson Investors - US Investor
For Individual Investors in the US

VNLA Short Duration Income ETF

A capital preservation and income-focused ETF that seeks returns above cash

NAV
$49.07
As of 08/01/2025

1-Day Change
$0.08 (0.17%)
As of 08/01/2025

YTD Return
3.24%
As of 08/01/2025

Morningstar Rating

As of 06/30/2025

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 03/27/2025

Overview

About this ETF

For investors looking to diversify their fixed income allocation and seeking a higher return on cash than a money market fund. VNLA seeks to generate income through investment flexibility across a global opportunity set, with low volatility and capital preservation across economic cycles.

Why Invest in this ETF

Capital preservation
Risk management is fully-integrated into our approach, and we will manage to our overall volatility budget actively and swiftly.

Income generation
A versatile solution combining return-seeking and consistent income generating objectives.

Global diversification
We collaborate on a global scale across team and portfolio to access the best relative value opportunities.

Portfolio Management

Daniel Siluk

Head of Global Short Duration & Liquidity | Portfolio Manager

Industry since 2004. Joined Firm in 2015.

Addison Maier

Portfolio Manager

Industry since 2011. Joined Firm in 2011.

Performance

RETURNS (%) (As of 06/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.39 2.65 6.42 5.48 3.13 2.97
Market-Price 1.39 2.68 6.53 5.46 3.11 2.97
FTSE 3-Month U.S. Treasury Bill 1.09 2.21 4.88 4.75 2.88 2.31
RETURNS (%) (As of 06/30/2025)
Nav Market-Price FTSE 3-Month U.S. Treasury Bill
 
3M YTD 1YR 3YR 5YR Since Inception
(11/17/2016)
Nav 1.39 2.65 6.42 5.48 3.13 2.97
Market-Price 1.39 2.68 6.53 5.46 3.11 2.97
FTSE 3-Month U.S. Treasury Bill 1.09 2.21 4.88 4.75 2.88 2.31
Calendar Year Returns (%)
Nav FTSE 3-Month U.S. Treasury Bill
2024 2023 2022 2021 2020 2019 2018 2017
Nav 6.34 6.02 -0.08 -0.18 3.07 4.28 1.58 2.07
FTSE 3-Month U.S. Treasury Bill 5.45 5.26 1.50 0.05 0.58 2.25 1.86 0.84

Premium/Discount History

Growth of a Hypothetical Investment

@Nav FTSE 3-Month U.S. Treasury Bill Ultrashort Bond

Returns-Based Statistics (As of 06/30/2025)

RISK / REWARD
VS. FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Information Ratio 0.82 0.28
Alpha 0.70 0.25
Tracking Error 0.84 0.84
Beta 1.72 2.79
R-squared (%) 19.59 52.24
UP/DOWN MARKET CAPTURE (%)
FTSE 3-Month U.S. Treasury Bill
3YR 5YR
Up Capture Ratio 115.26 108.44
STANDARD DEVIATION 3YR 5YR
Short Duration Income ETF 0.94 1.19
FTSE 3-Month U.S. Treasury Bill 0.32 0.69
SHARPE RATIO 3YR 5YR
Short Duration Income ETF 0.73 0.19
FTSE 3-Month U.S. Treasury Bill -0.01 -0.01
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
08/01/202508/01/202508/07/2025$0.203505$0.000000$0.000000$0.203505
07/01/202507/01/202507/08/2025$0.205700$0.000000$0.000000$0.205700
06/02/202506/02/202506/06/2025$0.210210$0.000000$0.000000$0.210210
05/01/202505/01/202505/07/2025$0.205059$0.000000$0.000000$0.205059
04/01/202504/01/202504/07/2025$0.192379$0.000000$0.000000$0.192379
03/03/202503/03/202503/07/2025$0.198360 $0.000000$0.000000$0.198360
02/03/202502/03/202502/07/2025$0.178943$0.000000$0.000000$0.178943
View Full History

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of 08/01/2025)
% of Fund
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028 1.66
Citigroup Inc. 5.61% 29-SEP-2026 1.35
Goldman Sachs Bank USA 5.283% 18-MAR-2027 1.30
Atlas Warehouse Lending Co. 6.05% 15-JAN-2028 0.99
Molex Electronic Technologies LLC 4.75% 30-APR-2028 0.98
Bank Australia Limited FRN 21-FEB-2028 0.95
Bank of America Corporation 4.979% 24-JAN-2029 0.94
Korea Electric Power Corporation 4.875% 31-JAN-2027 0.89
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048 0.88
LPL Holdings, Inc. 4.625% 15-NOV-2027 0.87
View full holdings
Portfolio Characteristics (As of 07/31/2025)
 
Number of Holdings
Debt Issues
273
Portfolio Turnover Rate
(1-year trailing)
26.43%
Weighted Average Maturity
(years)
1.78
Effective Duration
(years)
0.91
Yield to Worst
4.92%
Sector Allocation % of Fund % of Fund As of 07/31/2025
Regional Allocation % of Fund % of Fund As of July 31, 2025
Developed vs Emerging Markets % of Fund % of Fund As of July 31, 2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of July 31, 2025
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 07/31/2025

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